Key facts
- Mastercard has acquired stablecoin infrastructure company BVNK for $1.8 billion.
- The acquisition aims to enhance stablecoin payments, payouts, settlement, and treasury services for banks, fintechs, and enterprises.
- The deal combines Mastercard's global network with BVNK's on-chain infrastructure.
- BVNK customers will continue to use existing teams, products, and integrations without interruption.
Mastercard has finalized its acquisition of stablecoin infrastructure company BVNK, a deal valued at $1.8 billion. The integration aims to leverage BVNK's on-chain capabilities with Mastercard's extensive network to facilitate stablecoin and tokenized asset transactions for businesses.
The tie-up is expected to enable banks, fintechs, and enterprises to expand their use of stablecoins across cross-border payments, payouts, settlement, and treasury flows. BVNK stated that customers will continue to use the same teams, products, and integrations without requiring any action.